Asian Shares Down On Fed Hike Sino-us Trade Anxiety


TOKYO – Asian shares edged down on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year, while concerns about U.S.-China trade frictions kept investors on edge.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 0.25 percent in early trade. South Korea’s KOSPI .KS11 was off 0.9 percent, while Australia’s market slipped 0.2 percent.

Japan’s Nikkei .N225 shed 0.7 percent.

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